Protect Yourself from Financial Fraud:

It’s a nightmare come true; the realization that you were scammed, and your finances have been wrecked. According to the NCOA, “1 in 10 Americans age 60 and up experience some form of financial abuse”. That accounts for as many as 5 million seniors and $2.9 million monetary loss annually due to financial fraud. Here are some tips on how to protect yourself from falling prey:
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• Shred all banking information and receipts with your credit card number
• Never give credit card number, banking information, social security number, Medicare number, or any other personal information over the phone.
• Use direct deposit when possible
• Block solicitations
• Order copies of your credit report to check for suspicious activity
• Check references and credential before hiring anyone. Don’t allow workers to have access to information about your finances.